Contract Hire is fast becoming a most popular method of funding fleet cars throughout the business community

What is Contract Hire?

Under Contract Hire,
vehicles continue to be owned by Mangoletsi (Holdings) Limited but are
hired to you for a set period of time and at a fixed monthly rate. This
method of finance can be useful for companies wanting to free up credit
lines or improve cash flow by implementing fixed cost fleet operation.

How does Contract Hire work?

The monthly
rental charged is calculated based upon the cost of the vehicle, the
contract period and the anticipated resale value. It is also takes into
consideration the predicted mileage, service and maintenance costs,
together with any additional services such as relief vehicles.

The facility provides customers with a single monthly outlay
which can include full maintenance/service costs, replacement tyres,
road fund licence and if major repair an alternative vehicle will be
made available.

The following services are included in the rate:-

This
offer does not constitute an offer of finance. Errors and omissions
excepted, and subject to change in manufacturers price and in bank
interest rates. Passenger vehicles Only: Assuming some private use of
the vehicle, VAT is reclaimable at 100% on Service Rental and 50% on
Finance Rental resulting in the non-reclaimable VAT as shown.

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Financial Disclosure Mangoletsi (Holdings) Limited Authorised and Regulated by the Financial Conduct Authority. (669379) Finance Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers.